Three-Unit Property with Mobile
For Sale
$199,000
3585 Housels Run Rd, Milton, PA 17847
Residential income property with city utilities, off-street parking, and a shed on a spacious lot.
Property Size964 SF
Lot Size0.87 Acres
Price / SF$206.43
Days on Market12
Property Features for 3585 Housels Run Rd
General Information
Standard status
Active
Size
964 SF
Lot size
0.87 Acres
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
needs some TLC
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,528
Amenities
shed
Building Details
Buildings
2
Listing Agency:
BOWEN AGENCY INC., REALTORS SELINSGROVE
Listed By:
DANIEL L. PRICE
(570) 743-2165
Source:
Exprealty
Added: Aug 24
Changed: Sep 1
Last Checked: Sep 2 at 6:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BOWEN AGENCY INC., REALTORS SELINSGROVE
Investment Insights
Based on property information with market context.
This three-unit residential property includes a house configured with a first-floor apartment and a walk-out basement apartment, along with a 14-by-80 mobile home. The property size is listed as 964 square feet. Two of the house units are vacant, while the mobile home is occupied. The basement apartment requires repairs and finishing work.
Set on 0.867 acres at 3585 Housels Run Rd in Milton, Pennsylvania, the property has city water and sewer. Additional site features include off-street parking and a shed.
Set on 0.867 acres at 3585 Housels Run Rd in Milton, Pennsylvania, the property has city water and sewer. Additional site features include off-street parking and a shed.
Key Highlights
- Three‑unit setup with two house apartments and a 14x80 mobile home
- 0.867‑acre lot at 3585 Housels Run Rd, Milton, PA
- City water and sewer serve the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,218
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$144,360
$144.4K
Cap Rate 7%
$103,114
$103.1K
Cap Rate 9%
$80,200
$80.2K
Market Conditions
NOI Build-Up for 964 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$11.0K $11.40/SF
− Vacancy
−$678 −$0.70/SF
EGI
$10.3K $10.70/SF
− OpEx
−$3.1K −$3.21/SF
NOI
$7.2K $7.49/SF
Area
Northumberland County, PA
Vacancy
6.17%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$144,360
Cap Rate 7%
$103,114
Cap Rate 9%
$80,200
Alternative Uses
Best Use
Multifamily LT 5
$103.1K
$90.2K – $120.3K
NOI $7,218 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$95.2K
$83.3K – $111.1K
NOI $6,663 @ 7.0% cap · market cap 3.35%
Theoretical Best
Warehouse
$1.17M
$1.03M – $1.37M
NOI $82,109 @ 7.0% cap · market cap 41.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Explore this area
Business Placement
Demographics for 17847, PA
11,703
Population
5,341
Households
2.2
Avg Household Size
45
Median Age
17%
College-Educated
93%
High-School Grad
46.3 sq mi
ZIP Area
253
Density / Sq Mi
$56,582
Median Household Income
$36,028
Median Earnings
$835
Median Rent
$185,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Residential income property with city utilities, off-street parking, and a shed on a spacious lot.
Where is this triplex located?
The property is located at 3585 Housels Run Rd Milton, PA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Three‑unit setup with two house apartments and a 14x80 mobile home; 0.867‑acre lot at 3585 Housels Run Rd, Milton, PA; City water and sewer serve the property
